Our Non-QM Loan Rates Are Low & Our Process is Quick & Painless
The Non-QM loan is set up by many different lenders, to help consumers with loan solutions for self employed, investors, negative credit events, & etc.
A non-qualified mortgage loan is more commonly referred to as a Non-QM loan. Within the mortgage industry, a qualified home loan is one that complies with the requirements set forth by the Consumer Financial Protection Bureau (CFPB) and standards set by the federal government. These include loans sold or insured by entities such as Fannie Mae or Freddie Mac. Not every borrower fits neatly inside a traditional government matrix. Investors, foreign nationals and those who are self-employed, as well as borrowers with credit blemishes, such as foreclosures, low credit scores or prior bankruptcies, may find it difficult to qualify for a conventional loan.
That’s where a Non-QM loan can be helpful. A Non-QM loan can be the solution to help a borrower achieve the American dream of home ownership. Because these are scenarios that do not meet federal standards for qualified or traditional mortgage loans, lenders have created special loan products to help more Borrowers achieve their goal of home ownership. A Non-QM loan has different underwriting guidelines than conventional or government-backed loans. Non-QM loan lending guidelines follow regulatory guidelines while considering a borrower’s Ability to Repay (ATR), according to the loan’s terms. This includes cash flow through personal or business bank accounts.
We’ll help you clearly see differences between Non-QM loan options, allowing you to choose the right one for you.
The Non-QM Loan Process
Here’s how our home loan process works:
- Complete our simple Non-QM Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs